Average gasoline prices in Modesto have fallen 12.0 cents per gallon in the last week, averaging $4.31/gallon as of Oct. 28, according to GasBuddy’s survey of 201 stations in Modesto. Prices in Modesto are 36.3 cents per gallon lower than a month ago and stand 70.6 cents per gallon lower than a year ago. The national average price of diesel has declined 2.6 cents in the last week and stands at $3.54 per gallon; the lowest level in over 1,100 days.
According to GasBuddy price reports, the cheapest station in Modesto was priced at $3.55/gallon while the most expensive was $4.99, a difference of $1.44/gallon. The lowest price in the state was $3.49 while the highest was $8.09, a difference of $4.60/gallon.
The national average price of gasoline has fallen 5.3 cents per gallon in the last week, averaging $3.07/gallon on Oct. 28. The national average is down 12.9 cents per gallon from a month ago and stands 39.8 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Neighboring areas and their current gas prices include: Stockton - $4.31 per gallon, down 12.4 cents from last week’s $4.44; Oakland - $4.66, down 5.4 cents from $4.71; and San Jose - $4.58/gallon, down 8.3 cents from last week’s $4.67/gallon.
Historical gasoline prices in Modesto and the national average going back 10 years show the highest Oct. 28 price of $5.33 in Modesto was recorded in 2022 and the lowest of $2.57 per gallon was in 2016. Highest U.S. average on Oct. 28 was $3.74 per gallon in 2022, the lowest was $2.14 in 2020.
“In addition to gasoline prices falling to their lowest level since January, the average price of diesel has now fallen to its lowest level in over three years. While many Americans may incorrectly credit the upcoming election for the declines, politicians have little influence over the strong seasonal forces that drive prices lower in autumn,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With winter gasoline soon to reach the rest of California, and demand continuing to decline as Americans grapple with colder weather, the drop in demand is pushing gas prices down – not politicians on either side, as much as they might like to think they do.”
GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country.